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571 8Th Street

Key Colony, FL 33051
  • $2,099,000
  • STATUS: Active
  • ON SITE: 337 Days
  • MLS #: 606381
Price Reduced
$2,099,000
  • 5
    BEDS
  • 0.19
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,218
    SQFT
  • $946
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

Description

Updated photos are coming! Property is now furnished The current DOM is reflective of pre-remodeling days. This 7 night weekly rental is an investor's dream with rental projections at 70% of $184,800 and/or 60% at $158,400. This full duplex has been completely renovated with brand new kitchens, appliances, bathrooms, flooring and impact windows and sliders. The exterior of this 8,250 sq ft property will really shine, featuring a 75 ft concrete seawall with steel bumpers, 5k davits and a fish cleaning station. For easy canal access it has swim ladders and stairs from the dock. With a fenced-in yard, huge side yard with double swing gates for secured trailer storage, tiki, pool, and large exterior gathering space. Each floor has an interior washer and dryer, and the units are separately metered. The property provides ample parking for vehicles, trailers, toys, plus a one-car garage equipped with an impact garage door and enough room to accommodate a large motorhome with plenty of room to turn around. The duplex could be divided and sold separately, providing an investment or co-owning opportunity. You could buy half and a family member or friend could buy half.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.buyinthekeys.com/homes/142633726
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571 8Th Street Key Colony, FL 33051

  • Price: $2,099,000
  • Status: Active
  • On Site: 337 Days
  • MLS #: 606381
5
Beds
4
Baths
0
½ Baths
0.19
Acres
2,218
SQFT
$946
$/SQFT
1970
Built
Neighborhood:
Key Colony Beach (53.5)
County:
Monroe
Area:
17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Property Description
Updated photos are coming! Property is now furnished The current DOM is reflective of pre-remodeling days. This 7 night weekly rental is an investor's dream with rental projections at 70% of $184,800 and/or 60% at $158,400. This full duplex has been completely renovated with brand new kitchens, appliances, bathrooms, flooring and impact windows and sliders. The exterior of this 8,250 sq ft property will really shine, featuring a 75 ft concrete seawall with steel bumpers, 5k davits and a fish cleaning station. For easy canal access it has swim ladders and stairs from the dock. With a fenced-in yard, huge side yard with double swing gates for secured trailer storage, tiki, pool, and large exterior gathering space. Each floor has an interior washer and dryer, and the units are separately metered. The property provides ample parking for vehicles, trailers, toys, plus a one-car garage equipped with an impact garage door and enough room to accommodate a large motorhome with plenty of room to turn around. The duplex could be divided and sold separately, providing an investment or co-owning opportunity. You could buy half and a family member or friend could buy half.
Exterior Features

Above Flood No Building Style Ground Level Construction CBS Dock Length 75 Dockage Davits Dockage Dock Concrete Dockage Seawall Concrete Exterior Features Chickee HutStorage Land Size Less Than 1/4 Acre Pool Info In GroundFiberglass Pool Info Heated No Pool YN Yes Porch Balcony Open Porch/BalconyScreened Patio Roof Metal Roof Side Ocean Stories 2 Stories Style Duplex Vehicle Storage GarageTrailer StorageCovered ParkingRV Parking OpenOff Street ParkingGuest ParkingOpen ParkingAttached Vehicle Storage Cars 4+ Waterfront Canal Front Waterfront YN Yes Waterview Canal View

Interior Features

Appliances DishwasherMicrowaveOvenRangeRefrigerator Cooling Heating Central AirCeiling Fans(s) Floor Tile Furnished Furnished Specialty Rooms Other Windows Doors Single Hung WindowsImpact Rstnce WindowSliding Glass Doors

Property Features

Assoc Fee 0.00 Assoc Hoa YN No Assoc Right Of Refusal No Auction No Bank Owned No Bank Owned Financial Status No City KEY COLONY Condition Under Construction Control Depth 4 Deed Restrictions Unknown Fee Includes None Flood Zone AE-9 Listing Board Marathon/Lower Keys Mile Marker 53.50 Min Rental Days 7.00 Neighborhood Features ClubhouseBike PathsBeach Off Shore Island No Pets Pets Allowed Potential Short Sale No Potential Short Sale Financial Status No Public Sewer Hookup Yes Rentals Allowed Yes Security Patrolled Area Species List No Sq Ft Source Tax Records Tax Exemptions None Tax Year 2022 Taxes 10256.95 Utilities FKAAElect Separate MeterWater Separate MeterMunicipal Sewer Zoning R-2A - Key Colony Two Family

Listing courtesy of Samuel Williams of Coldwell Banker Schmitt Real Estate Co.: (305) 743-5181.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co
85996 Overseas Highway
Islamorada FL, 33036